Last time this happened we saw BTC gain 96% in 14 days after a quick 11% drop and retrace. The time before last this has happened BTC had a quick drop of 11% before it went on a massive 592% bull run, lasting 93 days leading up to the ATH.
Could this signal the next rally or potentially the next bull run? If so a 10% drop to $5,850 can be expected followed by a ...
... for now.
As part of our forecast, I noticed something within all the barts all the TK's all the MA's all the garbage, there's a pretty peculiar reverse cup'n handle in plain site.
Take a quick look at BTCUSDSHORTS and tell me that isn't a cup n handle. Now take a look at this TA.
Victor, domp eeet!
There are so many conflicting factors this week I ...
Long scenario in NZDUSD suggests a strong bounce from
Demand. No floating in price point area
Plus no strong candles produced for indication of continuation.
I feel as if there is a new trend beginning and we shall see buyers for a solid 300 Pip Move.
If you were in 6 weeks ago you've made about 3.5 times your investment!! There's so much talk about July's cannabis legalization vote in Canada, you'd have thought that the whole sector would be, well, buzzing, especially the growers/retailers, but this is the only stock out of the 30 I've looked at that's climbing steadily in response. CV Sciences Inc "is ...
Given the wave pattern of CVD since the 2016 low at 6.25, the price may be close to a significant bottom. Looking back on the seasonality of the stock's performance over the last several years, the stock has tended to perform poorly during the first half of the year and out perform in the later half. Given the relatively low risk taken with stops below 6.25 and ...
Really don't care too much for growth value in retail; can't say the recent / current pop isn't interesting to watch, though. Haven't seen an A+ long-term play in the sector for a while so, this one is something to watch.
Bitcoin perfectly bitted the market trend line. waiting for a breakthrough. I am expecting a retest at the resistance of the trend line before making a breakthrough going down or up. Also the summer is coming up, because of this I believe it will break trough the upside. but maybe a retest at 6k range will be performed before a BANG!
Dow Jones DJI
The Dow was making a little continuation pattern as the last
session ended. It still looks vulnerable whilst trapped within
the pattern but it's sloping downwards so it still has a chance
of breaking higher later.
Whatever, it has to break above the upper small falling
parallel to follow long back to 24879 initially and then on a
break above ...
-BTC to drop to mid $6k and hit support & people start dumping money in
-Buying anywhere within the $6000's
-Waiting for whale purchase or just for BTC to test $10k area again
-Selling around $9k to $10k
-Time-frame = 3 weeks
Quite a rough, high level TA. But listen: last year GNTBTC had a big run going on in may - july. I have seen quite coins that repeat their same pattern a half year or a year later. GNT could move along the right flank of this ARC and go towards ATH on ratio by July/August. Good long position I think!